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Messaging App Line Now Brings In Nearly $100M A Quarter, But No Official Word On An IPO

on November 11, 2013

TechCrunch

Line, the messaging app that blew up in Japan over the past two-and-a-half years, is now bringing in nearly $100 million in revenue a quarter.

The app, which is a subsidiary of its parent company Naver, said it brought in 9.9 billion yen ($99.9 million) in net sales for the quarter ending in September. Overall revenues, which include the amount that Line has to pay out to the app stores and developers, has more than doubled in the past six months to 15.6 billion yen ($157.6 million).

While there have been reports in local newspapers about an impending IPO next year, the company remained quiet on the subject in an interview on Friday. But we separately hear from investor sources closely connected with the company that they are considering an offering in mid-2014.

“Of course you’re going to ask questions about an IPO,” said Jun Masuda

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